The Apple loan allows you to buy the Mac, peripherals and software that you need while you're in school and beyond. We have put thousands computers into the hands of students. You can be pre-approved for your loan in as little as five minutes, you can defer principal payments while you're in school, and you can have a Mac in your room in no time, even if you're on a budget...so what are you waiting for?

Here's how it works:

1. Phone in your order by calling 1-800-MY-APPLE. Your Apple Store sales agent can take your order and transfer you to an Apple Loan representative. Within minutes, the loan specialist will tell you if you are pre-approved and for what amount (up to $7,500). The minimum annual income amount is $15,000 per year, but if you're not quite there yet, we allow you to have an additional co-borrower.

2. Once you are pre-approved, your loan documents will be sent to you via overnight mail.

3. Simply read the loan documents, sign and return them with any necessary documentation in the enclosed overnight envelope, and your funds will automatically be transferred to Apple within 48 hours of final approval.

If your loan is not approved, you will need to call 1-800-MY-APPLE within 30 days and arrange for payment via credit card, cashier's check, or money order. If you do not do this, your order will be cancelled.

The Apple Loan allows you to buy the Mac, peripherals and software that you need. We have put thousands computers into the hands of educators. You can be pre-approved for your loan in as little as five minutes, and you can have a Mac at home in no time...so what are you waiting for?

Here's how it works:

1. Phone in your order by calling 1-800-MY-APPLE. Your Apple Store sales agent can take your order and transfer you to an Apple Loan representative. Within minutes, the loan specialist will tell you if you are pre-approved and for what amount (up to $7,500). The minimum annual income amount is $15,000 per year, and we also allow you to have up to two co-borrowers.

2. Once you are pre-approved, your loan documents will be sent to you via overnight mail.

3. Simply read the loan documents, sign and return them with any necessary documentation in the enclosed overnight envelope, and your funds will automatically be transferred to Apple within 48 hours of final approval.

If your loan is not approved, you will need to call 1-800-MY-APPLE within 30 days and arrange for payment via credit card, cashier's check, or money order. If you do not do this, your order will be cancelled.

Based on a monthly payment amount of $18.10 per $1,000 purchased. (Excluding all taxes) plus a one-time origination fee of 6.0%. The monthly variable rate equals the prime rate published in The Wall Street Journal on the first business day of each month plus 3.90% ("Rate"). As of November 7, 1998, the Rate is 11.90% (8.00% prime rate plus 3.90%), 13.67%APR, subject to monthly increase or decrease. Any change(s) to the Rate will take effect on the fifth business day of each calendar month and will affect the dollar amount of your monthly payments. Each loan subject to credit approval. No down payment. No prepayment penalty. Pre-approval availability subject to change without notice

The Apple Loan has an 8-year repayment period. However, since the Apple Loan has no prepayment penalty, you can have the Apple Loan Calculator to compute the monthly payment per $1000 borrowed that you would have to make in order to pay off a loan in 2, 3, 4, 5, 6 or 7 years. (Payoff Period function). Please note, however, that the payoff period function is offered as a convenience only, and neither constitutes nor should be construed as an offer to make any loan with anything other than an 8 year repayment period. Apple Loan borrowers are under no obligation to repay their loans in any period of time shorter than the 8-year repayment period contractually established by their promissory notes. The voluntary prepayment of any Apple Loan in less than 8 years will result in a higher annual percentage rate ("APR") for that loan.